Pakistan is operationalising its Export-Import Bank, digitalising export credit processes and expanding concessional financing to improve the access of exporters to credit and strengthen their position in international markets, Commerce Minister Jam Kamal Khan said on Tuesday.
Jam Kamal made the remarks at the 42nd Session of the Standing Committee for Economic and Commercial Cooperation (COMCEC) of the Organization of Islamic Cooperation (OIC), held in Istanbul and chaired by Türkiye’s Vice President Cevdet Yılmaz.
The minister said the Export-Import Bank of Pakistan (EXIM Bank) now offers trade credit insurance, guarantees and refinancing facilities to protect exporters and support expansion into international markets, including OIC countries. He said Pakistan is also expanding Shariah-compliant financing instruments, including Murabaha, Salam and Ijarah, to give businesses alternatives consistent with Islamic principles.
Jam Kamal said export credit processes are being digitalised through integrated online portals linking commercial banks and development finance institutions. He said the portals would cut processing times and improve financing access for micro, small and medium enterprises (MSMEs). Concessional financing facilities for exporters have also been substantially enhanced, he added.
Speaking on this year’s session theme, “Developing Effective Trade Financing Tools for Increasing Exports in the OIC Member Countries,” he stressed the need for affordable and innovative financing, particularly for small and medium enterprises (SMEs).
The minister reaffirmed the commitment to stronger economic and commercial partnerships with OIC member states, saying deeper trade integration could create significant opportunities for shared prosperity.
He noted that Pakistan hosts the headquarters of the Islamic Chamber of Commerce and Development (ICCD), a platform connecting the private sectors of 57 Islamic countries. He said Pakistan would continue to support the ICCD as a link between businesses and policymakers to promote investment and commercial partnerships.
Jam Kamal also called for closer cooperation among member states in digital integration, artificial intelligence and sustainable development, saying technological advances offer OIC countries opportunities to modernise their economies and improve trade competitiveness and regional connectivity.
He appreciated the role of COMCEC in promoting multilateral economic cooperation and developing practical solutions to trade challenges faced by Islamic countries.
